5132 Park Heights Ave
Baltimore, MD 21215
Retail Property For Sale

GALLERY SALE! This is one of Numerous Multi, Single Family & Commercial Investment Properties Throughout Baltimore City. For more information, leases and bidder registration see auctioneer's website. (Link below) Single Tenant Income Producing Commercial Property in "Pimlico" Current Gross Annual Income of $28,848 Formerly known as the "Pimlico Theatre," the property opened back in the mid 1910's and survived as a movie theater until the 1950's. The building is located about three blocks south of the famous Pimlico Race Track. Currently rented by a convenience store for $2,404/month. Tenant moved in January 1st, 2015 and the lease runs through December 31st, 2019 with a 5 year option. The lease has annual 3% increases. Property: • Building contains 9,000± total SF • 5132 Park Heights Avenue Tax Account No. 214582011A (Lot 11A) • 5134 Park Heights Avenue Tax Account No. 214582011 (Lot 11) Auction Notes: Auction to be held at the Auctioneers Gallery located at 908 York Road, Towson MD AND via online bidding Thursday, February 22nd @ 12:00pm. Online bidding registration opens Saturday, February 17th @ 12pm; Live gallery bidding registration begins Thursday, February 22nd @ 11:00am. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. Online bidding only available using a desktop web browser. Online bidding WILL NOT work using mobile devices and tablets running iOS or Android.